Our investment objective is to benefit from the secular bull market
in agriculture

Investment opportunities in agriculture typically occur in cycles. During much of the 1970’s, unlevered,
cash-leased farmland returned over 20% annual returns in the US market. In the 1980’s and 1990’s,
opportunities in agriculture infrastructure and farmland were less lucrative as global food supplies
increased through higher productivity yields and more productive assets.

Today, global inventory levels are near historical lows not seen since the 1970’s and food demand
has outstripped supply. Many investors are seeking real assets and assets that are non-correlated to
stocks and bonds. Investors also are seeking assets, such as agricultural land, that perform well in
periods of high and low inflation. Agriculture has out-performed most other major asset classes on a risk adjusted basis over the
past 10, 20, 30 and 40 years.

Over the next 40 years, global food production will need to be greater than the combined previous
10,000 years of global food production in order to meet the food demands of our planet. This provides
both a daunting challenge and an unparalleled opportunity to farmers and landowners worldwide. We
at IFC look forward to helping meet this demand by partnering with farmers and investors to share our
progressive agricultural expertise in the world’s major agricultural markets.